Lake Balaton, Hungary – Ramada Hotel & Resort Lake Balaton
Office: Horwath HTL Hungary & Russia
Scope of Work: Operations and Financial Audit for the Ramada Hotel & Resort Lake Balaton.
Description of Project: Horwath HTL Hungary has been requested by the financing banks to review the entire operations and financial situation of the respective resort hotel in order to maximize profitability and avoid troubled assets. The property is a 208-key resort complex comprises extensive conference, spa, entertainment and beach facilities, located at the largest fresh-water lake destination of Central Europe. Our operational and financial audit provided the necessary insight and recommendations the financing bank needed to make sound financial/strategic decisions.
Status: Assignment completed